After a positive autumn and winter, recent events have resulted in an increasingly pessimistic short term outlook for the Tanker Market. In short, factors contributing to supply growth and demand constriction have combined to bring down Tanker rates.
The Past
Last summer, the US put sanctions on a number of Chinese Tanker owners. Due to the opaque ownership structures of the fleets, charterers stayed well clear of any vessel possibly related, thus reducing the available supply ultimately causing...
https://www.marineinsight.com/shipping-news/possible-warning-for-the-tanker-market-vesselsvalue/